Restaurants can apply for $29B in relief starting May 3

first_img Share via Shortlink Message* Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Another report, by market-research firm Datassentia, estimated that nearly 14,200 restaurants closed for good in the first three months of this year.The grants will be distributed based on pandemic-related revenue loss, with the potential for restaurants to receive up to $5 million for a single location or up to $10 million for the business as a whole.Restaurants are also eligible for other pandemic aid, including the Paycheck Protection Program. In 2021, small businesses received 5.1 million forgivable loans worth $248.5 billion.[WSJ] — Sasha JonesContact Sasha Jones (iStock/Illustration by Alexis Manrodt for The Real Deal)Help for restaurants promised by the federal $1.9 trillion coronavirus relief package is coming to fruition.On May 3, the Restaurant Revitalization Fund will begin accepting applications for $29 billion in grants, according to the Wall Street Journal. The money is only available to restaurants, bars and other food-service businesses.Restaurants have been some of the businesses hardest hit by the pandemic. The industry saw sales fall by nearly a quarter from 2019, according to the National Restaurant Association. The trade group estimates that more than 110,000 bars and restaurants have closed at least temporarily.ADVERTISEMENTRead moreWhat real estate gets in Biden’s $1.9 trillion packageRestaurants question survival, despite $29B in federal reliefJudges mixed on how government shutdowns affect leases Commercial Real EstateJoe BidenRestaurantsRetail Tags Full Name* Email Address*last_img read more

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Royal Pretender to Address Union

first_imgThe Oxford Union may face awkward questions on Sunday after advertising its speaker as ‘The Crown Prince of Burma’ although neither the country nor the title actually exist. The society’s use of the speaker’s self-given moniker ‘Crown Prince’ is controversial since in his native country of Myanmar, Mr Shwebomin is only a pretender to the royal throne. Currently residing in this country, Shwebomin is said to hold significant sway in Myanmar, but in this country he is more notorious as a London socialite. The Union’s dabbling in the uncertain politics of the small Asian country of Myanmar has caused concern among members, who fear the credibility of the Union might be put at risk. The country in question, located on the Indian subcontinent, has not technically been called Burma since 1989, when its official English name was changed to Myanmar precisely because the ancient name Burma had garnered negative imperial connotations after almost 60 years of British rule in the province. Shwebomin claims to possess documentation purporting to ‘prove’ his status as rightful successor to the Myanmar throne. Although he is almost certainly descended from the line of Emperors which ruled the first Burmese empire, the link does seem somewhat tenuous. His maternal grandmother was the great-great-granddaughter of eighteenth century Emperor Hsinbyushin of the Konebaung dynasty, which would make him an eighth-generation descendant of royalty. Ambrose Faulks, President of the Oxford Union, will say nothing to support or refute the speaker’s claims: “If this issue concerns you,” Faulks told Cherwell, “the best thing to do is to come along on Sunday and make up your own mind”. Last night’s debate was also the subject of contention, since the President objected to an emergency motion that “if God hadn’t meant us to masturbate, he would have given us shorter arms.” Faulks’ principal reason for concern was that this light-hearted motion might afford this “serious institution a reputation for frivolity.” However President-Elect, Marcus Walker did not share Faulks reluctance, quipping, “I’m sure especially Ambrose would not object to mass-debating in the Union.”ARCHIVE: 3rd Week TT 2003last_img read more

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Megan Mullally & Veronica Dunne Get into Sylvia’s Doggy Style

first_img Show Closed This production ended its run on Jan. 3, 2016 View Comments Emmy winner Megan Mullally and Veronica Dunne were all about the kibbles and bits when they attended Broadway’s hilarious comedy Sylvia. Mullally was on hand to visit her former It’s Only a Play co-star Matthew Broderick. Meanwhile, Dunn, known to Disney fans as the star of K.C. Undercover, and her boyfriend, Under the Dome’s Max Ehrich, shared some warm fuzzies with the show’s title canine (a.k.a. Tony winner Annaleigh Ashford). To all Sylvia visitors we say, “Hey, hey, hey, hey!” (That’s dogspeak for “What’s up?!”) Related Shows Sylvia last_img

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Former Colombian Paramilitaries Pose Possible Surrender

first_img Groups dedicated to drug trafficking and responsible for a spiraling crime rate in northern Colombia have put forward the idea of a possible surrender to the government in an effort to put an end to the violence, a senior Catholic clergyman said on 17 January. These so-called ‘emerging criminal gangs,’ made up of former ultra-right-wing paramilitaries, are engaged in a war for control of drug-trafficking routes and areas for growing coca – the raw material for cocaine – in which hundreds of people have died in recent months. “They’re not asking for dialogue commissions, just to reach out to the government to surrender weapons, routes, crops. To turn themselves in, even if the outcome is extradition,” the bishop of Montería, Msgr. Julio César Vidal, told reporters. “They’ve told me that they don’t want Colombia to turn into Mexico, and that it doesn’t matter if they’re extradited, but that this has to be stopped,” maintained the bishop, whose diocese is centered in the capital of the department of Córdoba, one of those most impacted by the violence of these illegal armed groups. According to the National Police, there are currently seven emerging criminal gangs dedicated to drug trafficking in Colombia, with around 4,100 fighters. The government maintains that unlike the paramilitaries, who had a political and ideological motive for their fight against the country’s guerrillas, the new groups are dedicated only to drug-trafficking activities. President Juan Manuel Santos’s administration left open the possibility that the gangs’ leaders and rank-and-file could submit to justice and lay down their arms, but it warned that there will be no negotiations. “The administration’s policy has been to confront these organizations with complete decisiveness and determination,” Interior and Justice Minister Germán Vargas Lleras said. By Dialogo January 19, 2011last_img read more

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FARC Illegal Refinery Found

first_imgBy Dialogo December 19, 2012 During the operations conducted by Army soldiers against illegal mining organizations, a clandestine refinery was neutralized in Nariño department on December 15. The military action was developed by members of the Army’s Pegaso Task Force, who managed to locate and destroy an illegal refinery used by terrorists from the FARC’s “Daniel Aldana” front for processing stolen regional oil. The events took place in the municipality of Tumaco, where the military found the improvised refinery, 4,252 liters of oil, 189 liters of gasoline, a pool, 50 meters of metal piping, and 120 meters of plastic hose. The materials were seized and brought before the authorities in charge.last_img

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South Carolina National Guard Share Disaster Response Readiness with Colombians

first_imgBy Dialogo March 15, 2013 For additional information on the South Carolina National Guard please visit http://www.scguard.army.mil or find us on Facebook, Twitter, YouTube and Flickr. “The professional dialogue on military support to civil authorities during a natural disaster was very informative and facilitated learning from all parties,” said Col. Ken Rosado, joint operations officer for the S.C. National Guard. “We face many of the same types of potential natural disasters and it was very beneficial to exchange ideas and discuss common challenges.” “From a disaster preparedness perspective, understanding their challenges and capabilities, allows us to better understand and target exactly how we can better assist one another. There are practical applications, such as SCOPe, and EMST, (Emergency Management Staff Trainer), that aide us in awareness and disaster preparation that can be useful to the Colombian military to improve their readiness posture for disasters,” said Lt. Col. Clarence Bowser, future operations branch chief. The South Carolina National Guard comprises more than 10,000 Soldiers and Airmen who serve their state and nation. Members of the South Carolina National Guard deploy worldwide as needed in response to the National Command Authority and the Governor. “It was a great opportunity for our team to share our knowledge and experience with our State Partners in Colombia. On a personal level, I appreciated the opportunity to work with the leadership of the Colombian Army and Air Force on the establishment of a legal framework and rules of engagement in military disaster relief missions,” said Lt. Col. Butch Bowers, Air National Guard JAG. Soldiers and Airmen from the S.C. National Guard, who routinely train for and support disaster response and humanitarian assistance, traveled to Colombia and met with their Colombian counterparts in the military and national police. Together they formed a subject matter expert exchange and shared capabilities, lessons learned, and experiences to learn how they can improve readiness. center_img Another part of the exchange was incorporating legal oversight into their humanitarian operations. The Colombian military does not have a lawyer career field in their armed forces, unlike the U.S. military judge advocate general (JAG) career field. The S.C. National Guard shared with the Colombians an effective web-based tool used in disaster response, the South Carolina Common Operating Picture enhance (SCOPe). The Guard demonstrated how the tool allows the armed forces to share a common operating picture with civilian organizations of affected areas and response. The SPP coordinator, Maj. David King said, “This engagement was a huge move forward with Colombia. It let us engage at a very high level with the Colombians and allowed us to share our vision of the partnership with the Colombian leadership.” With Colombian forces getting closer to achieving security in their country, their focus is shifting to humanitarian assistance relief and disaster preparedness. The South Carolina National Guard and the Republic of Colombia held their first State Partnership Program engagement Feb. 19-22 to share ideas on natural disaster preparedness and humanitarian assistance relief. Good afternoon, excellent article I would like you to send me more information to my email addresslast_img read more

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4 vendor management best practices

first_img 44SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Pete Griffith Pete Griffith is the President of Supernal Software. For more than 15 years, he has worked with financial institutions on strategies to manage information risk and compliance. Details Financial institutions have outsourced certain functions for decades. But as vendor partnerships grow in complexity and in volume, evaluating third-party performance, assessing related risk and monitoring those risks become more challenging. Likewise, the stakes of failing at vendor management are escalating as risks become more dynamic, and more numerous.It’s important to do what’s best for your organization, and that means managing vendor relationships meticulously. Here are four tips to help you navigate this convoluted but crucial process effectively. Segment vendors into risk tiersVendor relationships were traditionally indexed by size, according to McKinsey & Company. But size is an inadequate indicator of risk. Small vendors can pose big risks, which means the old way can easily result in third-party oversights. A better option is to segment vendors according to the nature of the risk they pose. To get started, rank vendors according to:Criticality: Who is the vendor and how important is it to operations? Confidentiality: What data or physical access does this vendor have?These ranking systems make it easier for financial institutions to more clearly define vendors, and then slot them into accurate risk tiers. When the time comes for due diligence, higher-tier risks from smaller vendors are less likely to be overlooked. Alternatively, making sure certain due diligence actions are only applied where actually needed can save 40 percent on time and labor costs, according to McKinsey & Company. Automate due-diligence functionsAccording to the FDIC, an examiner “evaluates activities conducted through third-party relationships as though the activities were performed by the institution itself.” The FDIC adds that even financial institutions with indemnity clauses are still required to conduct banking activities “in a safe and sound manner and in compliance with law.” If a vendor fails to do either of those things, so does the financial institution as far as examiners are concerned. For this reason, due diligence is the heartbeat of vendor management.One way financial institutions can improve this process is by automating certain parts of due-diligence monitoring. For starters, use FFIEC-based due-diligence templates that can be customized as needed. Then, take this a step further by integrating these templates with a task manager. This makes it easier to track the status of required and recommended due diligence items for each vendor. If something changes with a vendor between assessments – maybe there’s a new point of contact or a contract adjustment – you can automatically apply new due-diligence items in this central framework. Everything stays in, and is managed through, one place.Strong vendor management is about consolidating information to make processes more automatic. Streamline document trackingOngoing due diligence requires the collection of hundreds if not thousands of documents. These include third-party certifications, SSAE-16 and SSAE-18 reports, job descriptions for certain vendor personnel, escalations reports (more on this below) and much more.  This is only the tip of the iceberg. Contracts and any other documentation pertaining to changes in SLAs and cost adjustments must also be organized and tracked over time. Likewise, information about incidents that could impact contracts going forward need to be well-accounted for.To facilitate stronger tracking and record keeping, documentation should be centrally stored and organized, rather than filed away in scattered computer folders. This can help prevent things from slipping through the cracks. Structure escalation reportingEstablishing a method to report up the ranks is critical to expediting high-level decision-making. This process needs to be formal and well-documented to avoid discrepancies in what may end up being reported to executives, or to managers in business units that may not be well-aligned with one another. Again, creating a centralized vendor management framework is key to this endeavor. It ensures that reports can be created so that they’ll reflect the same information. The reports that are then escalated to departmental executives will be consistent and accurate, allowing for swift, effective action to be taken at a high level. Having this paper trail is also important for justifying certain actions or allowances for particular vendors to examiners. It also has the tangential benefit of contributing to a stronger, organization-wide risk culture from the bottom up.For more information about this article, contact Victoria Spooner at Allied Solutions [email protected]last_img read more

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Partridge blasts ignorant agents

first_imgWould you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletters To access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.last_img

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Korean Register Names Its New Chairman & CEO

first_imgThe Korean Register (KR) has appointed Hyung-chul Lee as its 24th Chairman & CEO. Image Courtesy: NavigatePR-KRHyung-chul Lee takes the helm at joined KR after over 30 years of service in the classification society, holding various senior roles, including head of Statutory Service and head of Overseas Business Development Team, head at several key regional offices, as well as the head of KR’s London branch office and head of KR’s Seoul branch office.He joined KR in 1988 and has until now held the position of Executive Vice President of KR.“I am honoured to be elected as Chairman & CEO of KR. Next year, the Korean Register will celebrate its 60-year anniversary and I will do my utmost to ensure that KR continues to uphold its commitment to make a unique contribution to the international maritime industry to promote safe shipping and clean environment.”“Today the industry is facing significant environmental, economic and technological challenges. I look forward to leading KR, as we provide specialist advice and tailored services, and apply the best technology and strong practical solutions to serve our customers and act as a reliable supporter contributing to the success of the wider international maritime industry.”The 24th Chairman & CEO’s term began on 23 December 2019 and runs for three years until 22 December 2022.last_img read more

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‘ABS-CBN franchise denial decision of Filipino people’

first_imgMANILA – The rejection of ABS-CBN’s 25-year franchise renewal was the “decision of the Filipino people” since they ratified the Constitution that prohibits a broadcast company from operating without a congressional franchise, Malacañang said. “Indeed, Congress, through the joint committees, not only exercised its constitutional mandate, but also fulfilled Speaker Alan Peter S. Cayetano’s promise to the Filipino people that ‘the hearings [would] be fair, impartial, comprehensive and thorough,’” said Solicitor General Jose Calida. Calida also claimed that the denial of the franchise could not be characterized as a restraint on freedom of expression or of the press because the “primordial effect of such denial is the upholding of the constitutional provision and laws governing media companies like ABS-CBN.” “Ang taumbayan ang nagdesisyon po na hindi pupuwedeng magnegosyo sa isang broadcast industry na walang prangkisa na inaprubahan ng representante ng taumbayan,” he added. The Palace spokesperson reiterated that they respect the decision of the House of Representatives committee on legislative franchise as they have the sole power in giving legislative franchises to networks. The “binding and legal effect” of the 1987 Constitution emanated from the Filipino people, Presidential spokesperson Harry Roque pointed out. “Malinaw na kung mayroong prangkisa na ni-re-require para doon sa kalayaan ng malayang pamamahayag na nakalagay sa Saligang Batas ay kinakailangang magkaroon muna ng prangkisa bago ka magkaroon ng kalayaan,” he added.center_img “Iyan po ang desisyon ng representante ng taumbayan, iyan po ay desisyon ng taumbayan. Hayaan na po muna natin at hintayin natin ang husga ng taumbayan doon sa mga representante kung mayroon man,” Roque said. The Office of Solicitor General, meanwhile, lauded the members of the House of Representatives’ committee on Legislative Franchise for a “job well done” in denying ABS-CBN a new franchise. ABS-CBN has been off air since May 5 after the National Telecommunications Commission ssued a cease and desist against the network for lack of franchise./PN “Ang taumbayan naman talaga po ang pinagmulan ng binding effect; ng legal effect ng ating Saligang Batas,” Roque said in an interview with DZBB AM radio. Calida also pointed out that in denying the renewal of ABS-CBN’s franchise, the Committee on Legislative Franchises affirmed the allegations made by the Office of the Solicitor General in its quo warranto petition with the Supreme Court.last_img read more

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